Summary of preemptive rights exercised as part of the consolidation of Tele2 Russia

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Moscow, Russia – February 11, 2020 Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, Rostelecom today announces that holders of preemptive rights have applied for the right to acquire 4,443 newly issued ordinary shares at price of RUB 93.21 each. The rights were submitted within the allotted 45 calendar-day timeframe, which commenced on December 27, 2019 and ended February 10, 2020 inclusive. The right to exercise preemptive rights follow the EGM decision to the issue additional Rostelecom PJSC ordinary shares through a private placement offering to VTB Bank (Public Joint-Stock Company)[1], an integral part of the complex transaction to consolidate 100% of Tele2 Russia.

Following the completion of the share issue, the number of Rostelecom ordinary shares outstanding will amount to 3,282,997,929 shares.

[1] Following EGM approval dated December 18, 2019